Real Estate & Shadow Banking - India's looming crisis | Ep.90 #TheDeshBhakt with Akash Banerjee

The Real Estate industry has been struggling for some time now.
With the money from shadow banking sector drying up & the
economy tanking - the Real Estate bubble is set for a massive
implosion. Jaypee Wishtown - that is making the headlines - is just
a tip of the iceberg. India's largest real-estate meltdown will see
another Jet Airways happen - rendering 20,000 families homeless and
robbing them of their life's earnings (including that of my
parents) .... with 7 LAKH UNSOLD HOUSES THIS IS MEGA CRISIS WAITING
TO HAPPEN. As I researched into Jaypee's criminal misuse of funds -
i found layers of fraudulent behaviour and shady funding that was
kept afloat with the principle - that INDIANS WILL ALWAYS BUY A
HOUSE, NO MATTER WHAT THE PRICE. This axiom held true for some time
- but now karma has come to the bite the industry and the ones to
suffer (as always) will be the sorry middle class buyer. *****
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Video Editor: Tushar Chaudhary ********* Resources:************
NBCC to rescue Jaypee Buyers
https://www.business-standard.com/article/companies/nbcc-explains-plan-for-crisis-hit-jaypee-infratech-s-homebuyers-119031200014_1.html
Setback for buyers
https://timesofindia.indiatimes.com/city/delhi/setback-for-jaypee-buyers-in-plan-to-shore-up-votes-for-nbcc-bid/articleshow/69668579.cms
No respite from EMIs
https://www.moneycontrol.com/news/business/real-estate/jaypee-flat-possession-delay-buyers-demand-suspension-of-emis-3857781.html
Jaypee says sorry after all these years.
https://www.businesstoday.in/top-story/jaypee-group-apologises-to-homebuyers-promises-to-infuse-rs-2000-crore-in-pending-projects/story/338724.html
The Jumla of Jaypee
https://www.financialexpress.com/india-news/jaypee-wish-town-projects-huge-suffering-for-homebuyers-here-is-what-they-got-despite-tall-promises/817120/
We will finish Jaypee
https://www.livemint.com/Companies/ucTxvnM7PulGMZ8cLSYNKL/Jaypee-Group-aims-to-complete-24000-flats-by-2020-at-Rs800.html
Buyers want a structural audit
https://www.dnaindia.com/delhi/report-noida-jaypee-wish-town-locals-want-a-structural-audit-2644614
Suits fighting for JAYPEE
https://economictimes.indiatimes.com/wealth/real-estate/builders-alone-not-responsible-for-realty-mess-lawyers/articleshow/54302712.cms?from=mdr
Kill the process only! How gaur is trying to derail the insolvency
process.
https://www.bloombergquint.com/bq-blue-exclusive/how-jaypee-infratechs-promoter-manoj-gaur-is-trying-to-derail-insolvency-proceedings
No to forensic accounts -
https://www.hindustantimes.com/noida/panel-of-creditors-votes-against-forensic-audit-of-jaypee-accounts/story-ElaOFNAju9iqQpruiFbC9J.html
Explained - The Banking Crisis
https://www.thehindu.com/opinion/lead/resolving-indias-banking-crisis/article27097047.ece
Worse than Italy -
https://www.business-standard.com/article/finance/npa-woes-india-beats-italy-to-be-world-s-worst-non-performing-loan-ratio-119021900322_1.html
Next Shadow Banking Crisis -
https://www.business-standard.com/article/economy-policy/673-000-unsold-homes-hold-the-key-to-india-s-next-shadow-banking-crisis-119020600128_1.html